To deliver instant account issuing and ecosystem-driven financial services for its clients, Ingo Payments, the account funding, transfer and payout solutions provider, has selected global card issuing platform, Marqeta as its issuer processing partner.
Ingo Payments’ approach to account issuing enables the creation of ecosystems that incentivise users to store, move, and spend money, unlocking opportunities to monetise accounts in impactful ways. This approach applies broadly to enterprises seeking to retain funds for payouts or rewards, banks looking to modernise beyond legacy systems with digital-first account solutions, and fintechs aiming to scale innovative financial products quickly and effectively.
Achieving this required a partner with the technology and vision to support these goals. Ingo selected Marqeta for its flexible, scalable technology stack that helps its customers develop innovative financial products and bring them to market quickly. By partnering with Marqeta, Ingo is equipped to drive the next generation of issuing solutions, offering value to senders, receivers, and businesses alike.
“We’re proud to support Ingo’s expansion into the issuing space, showcasing their commitment to payments innovation,” said Todd Pollak, chief revenue officer, Marqeta. “Beyond serving as their issuer processor, we’re also partnering with Ingo to bring remote check cashing and deposit capabilities to our customers to make banking services more convenient. With Marqeta’s all-in-one platform, we’re enabling Ingo to drive the next generation of issuing solutions, creating meaningful value for consumers and businesses alike.”
The next step for Ingo
“We are thrilled to partner with Marqeta as our issuer processor as we launch our enhanced embedded banking platform,” said Drew Edwards, CEO of Ingo Payments. “Marqeta’s modern capabilities and commitment to ongoing innovation make them an ideal partner as we create new opportunities to monetise accounts and deliver ecosystem-driven financial experiences. Together, we’re set to shape the future of account issuing and embedded finance.”
Over the past several months, following its acquisition of Deposits Inc.’s banking technology, Ingo has been enhancing its money movement platform to support embedded banking capabilities for both existing and new clients. This latest Marqeta development reflects Ingo’s commitment to redefining the financial experience for banks, fintechs, and businesses by creating feature-rich account relationships that support long-term client value.
Selecting an issuer processor was a critical step in achieving this vision, and Marqeta emerged as the ideal partner to help bring these innovations to life.
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